7351 Lindell Boulevard
$3,600,000
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Description
Generational mixed-use trophy asset in between WashU and Clayon. Walk to the Ritz, Wash U danforth, Forest Park and tons more. This 22 unit property has been beautifully maintained on its exterior and fully gutted throughout: forced heat/central air, new plumbing piping, windows, roof, electric, kitchens, baths and WASHER DRYER IN UNIT. There are a combination of studios, 1 beds and 2 beds + 4 rented commercial tenants on the ground level. The current NOI is 241,000 and is priced to sell at north...Generational mixed-use trophy asset in between WashU and Clayon. Walk to the Ritz, Wash U danforth, Forest Park and tons more. This 22 unit property has been beautifully maintained on its exterior and fully gutted throughout: forced heat/central air, new plumbing piping, windows, roof, electric, kitchens, baths and WASHER DRYER IN UNIT. There are a combination of studios, 1 beds and 2 beds + 4 rented commercial tenants on the ground level. The current NOI is 241,000 and is priced to sell at north of an 6.5% Cap; the building stays 100% leased with mostly students from Wash U. Current rents are about $250 below market with a proforma NOI north of 400,000; Add some personal touches, update kitchens & baths or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class AAA neighborhood with little risk.
- Listed by Anthony Klier • The Agency
Amenities
- Air Conditioning
- Dryer
- Forced Air
- Parking Lot
- Street Parking
- Washer
- Washer / Dryer in Unit
LISTING UPDATED: 10/02/2024 11:02 AM
Property Details for 7351 Lindell Boulevard
Status | Active |
---|---|
MLS # | 24062361 |
Days on Market | 55 |
Taxes | $24,112 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1931 |
Lot Size | 0.29 AC / 12,632 SF |
County | St. Louis County |
Building Information for 7351 Lindell Boulevard
Stories-Residences22Year Built1931Building Size-Lot Size0.29 AC / 12,632 SF
Property Information for 7351 Lindell Boulevard
Property History for 7351 Lindell Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7351 Lindell Boulevard
Taxable ValueLand$123,510Additions$255,120Total$378,630
Tax Record2023$28,396 ($2,366 / month)
Home Facts
Baths3Total Finished SqFt5,555 SqFtAbove Grade Finished SqFt5,555 SqFtStories3Lot Size12,632 SqFtStyleMulti-Family Res (5+ Units)Year Built1931Zoning57GCCountyST. LOUISAPN18J-1-2-086-3Fireplace TypeHas Fireplace
Schools near 7351 Lindell Boulevard
This home is within University City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | K to 8 |
Rating | School | Distance |
---|---|---|
Flynn Park Elementary School PublicK to 5 | ||
Brittany Woods Public6 to 8 | ||
University City Sr. High School Public9 to 12 | ||
Our Lady of Lourdes School PrivateK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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